Energy Vault unit signs $137.5 million senior secured term loan facility for equipment financing
NRGV•Collateral package
The facility is secured by first-priority liens on borrower and guarantor assets, including equipment contract rights.
Interest terms and maturity
Interest is set at 6.75% SOFR or 5.75% ABR through Dec. 31, 2026, rising to 7.5% SOFR or 6.5% ABR thereafter.
The facility matures on Jan. 2, 2028.
Term loan facility supports equipment purchases
Energy Vault subsidiaries entered a credit agreement for a senior secured term loan facility of about $137.5 million.
Proceeds will fund power generation equipment purchases plus related installation and commissioning services under an equipment supply agreement.
Borrowings will be drawn in installments to match equipment payment timing.
